New Appointments and Changes to the Board of Directors LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the Company”) ISIN Code: ZAE 000018354 Share code: LAB NEW APPOINTMENTS AND CHANGES TO THE BOARD OF DIRECTORS The Board of Labat is pleased to announce the appointments of Mr Gorden Walters (“Gorden”) and Ntebele Stephen Mogapi (“Tebogo”) as executive directors with effect from 1 September 2018 following the acquisitions of Force Fuel Proprietary Limited and Force Fuel Properties Proprietary Limited. Gorden is an accountant and obtained a B Com (Accountancy) at the University of Western Cape and an Honours B Compt. at the University of South Africa. Gorden has over 25 years of extensive experience with 15 years in the energy/power sector where he spent over nine years with a leading power utility company in Namibia as Group CFO for five years. He joined Trustco as executive Director in 2007 and was instrumental in the listing for Trustco on the JSE in 2009. In 2011 Gorden joined a newly established South African IPP where he headed up the M&A/project finance team, of which two large wind farms are fully operational. Gorden will take over the position of Financial Director from Dave O’Neill (“Dave”), who will remain as an executive director in order to ensure a smooth handover. Tebogo obtained his Diploma in Business Management from the then South African Institute of Management, as well as the Certificates in Professional Advanced Advertising and Marketing Management. Tebogo has also completed the global executive development programme with Wits Business School and global advancement programme from the Gordon Institute of Business Science (‘GIBS”). He started his career in television broadcasting with Bop TV and soon thereafter joined Coca Cola Export Corporation. He later moved to South African Breweries as a sales manager and later regional manager. Tebogo also worked for MTN South Africa as head of corporate sales division, MTN Nigeria as head of sales and distribution, MTN Swaziland and MTN Liberia as their CEO. Tebogo will be the Chief Operating Officer of the Group, going forward. Both Gorden and Tebogo bring a wealth of experience to the Board and are welcomed by the Board of Directors. By order of the board. Johannesburg 30 August 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 30/08/2018 03:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.